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Monday, July 25, 2005
Ho-hum
Another day, another editorial hatchet-job from the LA Times. This time from Jamie Court (no, not McCourt), the self-described non-partisan consumer watchdog behind such clearly non-partisan endeavors as ArnoldWatch.org and the book "Corporateering: How Corporate Power Steals Your Personal Freedom and What You Can Do About It" (featuring a forward by the notoriously non-partisan Michael Moore).
I take particular offense to this passage:
"Cox's approach to corporate crime predates his time in Congress. As a private securities attorney in the mid-1980s, Cox worked for William Cooper and his company, First Pension Corp. Cooper was accused of running a Ponzi scheme, convicted of fraud and imprisoned.
"After Cooper was caught, Cox, then a congressman, claimed he had not known his client was a fraud. Nonetheless, Cox was sued by investors for what they said was his role in misleading regulators on Cooper's behalf. Cox's law firm settled the case."
Through careful wording, Court misleads the reader into believing that Latham & Watkins (Cox's firm) settled the case on the behalf of Cox, implying some sort of admission guilt on his part. What Court omits (and fails to mention at any point in the editorial) is that Cox was dropped as a defendant not long after the litigation began.
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